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Equities Trade in the Green, GBP Continues to Rally, BoC Stands Pat


Global equity indices traded in the green yesterday as easing tension in Hong Kong, diminishing political worries in Italy, and British MP’s approval of a bill to delay Brexit have encouraged investors to increase their risk exposure. They got an extra reason to do so overnight, following reports that the US and China will hold the next round of trade talks in early October. The pound continued to rally on reduced concerns over a no-deal Brexit, while the Loonie gained as the BoC maintained its neutral stance.

Stocks Gain on Easing Political Worries and US-China Optimism

The dollar traded lower against all but one of the other G10 currencies on Wednesday and during the Asian morning Thursday. It underperformed the most against GBP, NOK CAD and SEK in that order, while it managed to eke out some gains only against JPY.

As for our view, we believe that anything suggesting that the world’s two largest economies are willing to return to the negotiating table and try to find common ground, may...

Read the full financial markets daily report on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/equities-trade-in-the-green-gbp-continues-to-rally-boc-stands-pat-20190905
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